Employee Benefits/Towers Watson Flexible Benefits Research 2011: Key findings

The survey, carried out in January 2011, is based on 379 responses from Employee Benefits’ readers and users of www.employeebenefits.co.uk

KEY FINDINGS

38% see flexible benefits schemes being integrated into wider reward platforms in the future

36% will consider introducing salary sacrifice around pensions within flexible benefits as a result of the incoming 2012 pension reforms

67% will not use flex to mitigate the high-earner’s tax changes

64% find flex schemes to be effective in making the most of tax and national insurance breaks

90% of respondents offer benefits with tax and/or NI breaks via flex

46% have not changed tax-efficient benefits within flex in the wake of government changes to such perks

97% offer childcare vouchers through flexible benefits

67% say the cost of implementation is the biggest barrier to offering flex

71% of employers offering a flexible benefits scheme measure the success of their scheme

31% of employers do not know how much it costs to run their flexible benefits scheme

55% allow employees to trade down cover on specific benefits within flexible benefits

key findings

key findings

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